Chancellor Rachel Reeves delivered Labour’s first Budget in 14 years, announcing £40bn of tax rises, Central London Alliance comments
E-commerce boom sparks rush in job searches as UK vacancies hit highest level for a year April 1, 2021 Britain’s online spending boom has sparked huge rises in e-commerce job searches, according to new data from recruitment platform Indeed Flex. Indeed Flex found significant increases in job searches related to e-commerce between 1 February and 1 March. Searches for picker jobs more than doubled, while searches for warehouse positions rose by up to 82 [...]
Wall Street hits record high after FTSE 100 ends first quarter in the red March 31, 2021 Wall Street has posted its fourth consecutive quarter of gains after tech stocks pushed the S&P 500 to a record high today. The S&P 500 closed up 0.57 per cent, just shy of hitting 4,000 points for the first time as hopes of economic recovery offset a spike in US Treasury yields and the collapse [...]
Deliveroo shares slump 30 per cent on long-awaited stock market debut March 31, 2021 Deliveroo shares plunged by as much as 30 per cent on its long-awaited market debut, wiping more than £2bn off its valuation. The delivery firm’s shares closed out their first day of trading well down at 287p, a sharp drop from the offer price of 390p per share. The listing had been hotly anticipated given [...]
London business confidence ticks up in first quarter of 2021 March 31, 2021 Business confidence in London improved during the first three months of 2021, after reaching its lowest point since the 2008 global financial crisis. A new survey by Savanta ComRes/the London Chamber of Commerce and Industry has revealed that 29 per cent of business leaders in the first quarter of 2021 said London’s economic prospects will [...]
Which equity sectors can combat higher inflation? March 31, 2021 Some investors are worried that inflation is set to rise. We look at which equity sectors could prove to be the most resilient. The sharp rise in bond yields over recent weeks has rattled equity markets amid fears that fiscal stimulus and a post-pandemic spending splurge could stoke higher inflation. Five-year inflation expectations, as measured [...]
UK GDP shoots up after worst year on record amid non-stop ‘string of positive news’ March 31, 2021 The UK economy bounced back more strongly than first thought in the last six months of 2020, the Office for National Statistics said this morning. GDP rose by 16.9 per cent and 1.3 per cent in the third and fourth quarters respectively. An early estimate of one per cent growth for the period between October [...]
Revealed: The London boroughs where houses sell fastest March 31, 2021 The areas of the capital where property sells the fastest have been revealed, with outer London boroughs dominating the list. Waltham Forest was the neighborhood where sellers can hope to offload their properties the quickest, with two-bed terrace houses the fastest to be taken off the market in just 35 days. Barking and Dagenham, Bexley [...]
UK insurers have more work to do on environmental policies March 31, 2021 Insurers in the UK have more work to do on the environmental and social aspects of ESG, though they are global leaders in governance. The UK is underperforming many of its European peers on environmental processes and reporting across a number of areas, research by Big Four consultancy firm EY has found. EY carried out [...]
Post-Brexit: City investors look beyond Europe as bounce back optimism grows March 30, 2021 Investors searching for stronger returns post-Brexit are increasingly zooming in on the Far East, with Japan and China currently being the most attractive markets for UK investors. According to new data that City-based bank and brokerage firm Charles Schwab shared with City A.M. this morning, around 68 per cent of investors in a recent survey [...]
Picnic in style with our top restaurant-in-a-box delivery kits March 29, 2021 As the weather turns and outdoor meet-ups for two groups of up to six people are finally allowed, there’s a bit of optimism in the air. What better way to celebrate than with a Covid-friendly, appropriately-distanced, outdoor feast? Our Life&Style editor Steve Dinneen continues to eat his way through as many home delivery boxes as [...]